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Volume & Issue no: Volume 10, Issue 2, February 2021

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Title:
A Study on Assessment the Incomes and Investment behavior of Muslim Salaried People in Mumbai City
Author Name:
Dr. Arvind S. Luhar, Dr. Shama Shah, Ms. Navsin Mistry
Abstract:
Islamic venture depends on standard of benefit and misfortune sharing. The benefit and misfortune sharing standard permits the monetary organizations to acquire a profit for contributed reserves, given that the monetary foundations share the danger of venture and causes the misfortune if the speculation comes up short. It is the obligation of each Muslim to discover a Shariah based venture that sticks to rules and guidelines depicted in the Quran. The fundamental advantage of Shariah based speculation is that it urges individuals to put resources into a socially capable way. They are encouraged to abstain from putting resources into businesses that advance liquor, smoking, erotic entertainment, etc. It is likewise against the Shariah law, to put resources into organizations that get their benefit essentially from premium, club and betting, pork, supporting in silver and gold, customary protection and monetary administrations that produce their pay from interest. Islamic monetary market is the guideline of restriction of premium. It is considered as unlawful. In the Islamic phrasing; interest signifies "easy benefit or benefit that builds the chief sum without investing any energy". Any foreordained installment well beyond the genuine measure of chief is restricted. Interest is carefully prohibited in Islam. Muslim speculators required a premium free monetary market and as an impact of this need Islamic monetary market arose as a scholastic control receiving Shariah based monetary techniques for application in the Islamic monetary market. The reason for this paper is to evaluate the livelihoods and venture conduct of Muslim salaried individuals in Mumbai city. A study poll is disseminated to 400 Muslim respondents utilizing helpful examining method as the fundamental examination. The examination discoveries legitimize further refinement and show that the overview instrument is suitable in a more extensive investigation of a delegate test of the Islamic venture conduct of Muslim salaried individuals.
Cite this article:
Dr. Arvind S. Luhar, Dr. Shama Shah, Ms. Navsin Mistry , " A Study on Assessment the Incomes and Investment behavior of Muslim Salaried People in Mumbai City" , International Journal of Application or Innovation in Engineering & Management (IJAIEM) , Volume 10, Issue 2, February 2021 , pp. 010-020 , ISSN 2319 - 4847.
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